Report estimates government shutdown cost America $2 to $6 billion

08

Nov

2013

The Office of Management and Budget released a new report today surveying the economic damage from the federal government shutdown last month — and the news is grim. All told, OMB estimates the 16-day shutdown cost the country as much as $6 billion, taking between 0.2 and 0.6 percentage points off fourth-quarter GDP growth. OMB also notes that the shutdown stands as the longest in US history when measured in furloughed employee-hours.